Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now. Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recentl...
Tag: Glassnode
Bitcoin Heading Towards Full Detox of Speculative Interest: Glassnode
Bitcoin’s push above the coveted psychological $20,000-level came after nearly 10% gains over the past 24 hours. This was followed by a mass profit-taking session as traders anticipating the threshold...
Is the Worst Behind Bitcoin? Glassnode Co-Founders Look at State of BTC After Another Fed Rate Hike
The creators of one of the top on-chain analytics firms in the crypto space are weighing in on Bitcoin (BTC) after the Federal Reserve issued another interest rate hike. In Glassnode’s latest newslett...
Glassnode: Ethereum Validators Observed Sharp Increase of 11.4k In Sept Alone
Latest data from Glassnode shows that the number of Ethereum validators observed a significant increase this month, adding 11.4k to the total. Ethereum Active Validators Marked Increase Leading Up To ...
Here’s One Significant Improvement to ETH Network Following Merge, per Glassnode
According to on-chain analytics company firm Glassnode, since the Merge update, which went live on Sept. 15, both the mean and median block interval of the Ethereum network have been a remarkable cont...
Glassnode: The bear market is producing more Bitcoin HODLers, here’s why
Irrespective of the massive losses in major cryptocurrencies over the recent month, more bitcoiners are still holding onto their assets. With more hodlers comes less selling pressure on bitcoin, which...
Glassnode Discusses 4 Phases Of Bitcoin Accumulation & Distribution During Past Year
Glassnode has talked about the four phases of Bitcoin accumulation and distribution during the past year in their latest report. Bitcoin Accumulation Trend Score Shows Market Has Been Selling Recently...
Bitcoin (BTC) Remains in a Bear Market Based on On-Chain Metrics, Says Crypto Analytics Firm Glassnode
Crypto analytics firm Glassnode says that Bitcoin (BTC) is still in the bear market despite a recent relief rally. The market intelligence firm says that on-chain metrics suggest that recovery is stil...
These 5 Factors Speak Against Bitcoin: Glassnode Co-Founder
Arman Shirinyan Volatility, negative environment and other factors are pushing Bitcoin down, according to Glassnode co-founder’s report Contents Bullish momentum shattered Ethereum is beating BT...
On-Chain Platform Glassnode Reveals Factors Behind Bitcoin’s Weakness
Recently, the selling pressure in the crypto space has risen, which has halted the bull run across several assets, especially Bitcoin. In just seven days, the flagship currency has dropped by more tha...
Glassnode co-founder highlights 5 key factors affecting Bitcoin’s price
The hopes of bitcoin bulls were shattered last week after the leading cryptocurrency dropped significantly from a two-month high of around $25,211. Major altcoins were also affected, stirring over $60...
Over 300,000 BTC Now Owned by Bitcoin Buyers Who Bought at Recent Lows: Glassnode Report
According to Glassnode, during the most recent sell-off in the cryptocurrency market, Bitcoin moved from weaker hands to those stepping in at the lows. A pool of buyers that entered at the lows is ind...
Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction
The 2022 crypto winter seems to be one of the most severe bearish trends in cryptocurrency history. This saw the entire crypto market cut down by over 50% in value since the beginning of the year. Als...
Bitcoin And Ethereum Derivatives Regain Traction Despite The Crypto Winter: Glassnode
Although the bitcoin price has been trading sideways with a slight recovery and little volatility over the past week, Glassnode’s new report shows that there is quite a bit of investor interest in tra...
Here’s Who Sold Enormous Volumes of Bitcoin in Recent Months per Glassnode Data
According to an on-chain analytics firm, Glassnode, a significant proportion of Bitcoin selling pressure looks to be coming from long-term holders, notably those who bought their coins close to the ma...
Glassnode Report Shows Previous Bitcoin Surge Was A Bull Trap
In the past few days, some leading cryptocurrencies, such as Bitcoin and Ethereum, have shown a bullish price trend. Some link the reversal in value to the US President and the Fed’s recent outplay of...
Recent Crypto Rally Not Convincing Enough To Call for New Bull Run Yet, Says Analytics Firm Glassnode
The crypto analytics firm Glassnode is not yet convinced crypto is on the road to recovery after the recent market rally. In a new analysis, Glassnode notes that on-chain transaction demand for Bitcoi...
Recent Bitcoin Rally Was a Bull Trap: Glassnode
Despite the recent price increases for both bitcoin and ether, perhaps fueled by the Fed and the US President, Glassnode believes there’re no clear signs of bear market trend reversals. The analytics ...
Bitcoin network activity decline suggests longer bear market: Glassnode
With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says Glassnode. Th...
Bitcoin Miners’ Balance Hits 4-Year High: Glassnode
Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2...
Analytics Firm Glassnode Says Worst of Bitcoin (BTC) Capitulation Could Be Over – But There’s a Catch
The worst of the Bitcoin (BTC) capitulation could be over, according to the crypto analytics firm Glassnode. In a new analysis, Glassnode examines the Market Realized Gradient Oscillator (MGRO) 14-day...
Glassnode: What Bitcoin Long-Term Holder Cost Basis Tells Us About Bear Market Length
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per ...
‘Extreme demand’ for BTC at $20K creating new support levels: Glassnode
“Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about price while creating a new realized price level. In ...
Bitcoin Holders in ‘Accumulation Mode’ Suggest Speedy Recovery: Glassnode
As Bitcoin spiked through the resistant level of $23,000 after dipping below $19,000 recently, many expected that the breakout signaled a short-term relief rally. Glassnode’s weekly report predicts th...
Indicators point to Bitcoin bottom formation but recovery unlikely so soon – Glassnode
Bitcoin (BTC) is close to forming a real bottom after an entire month of trading below its realized price, according to Glassnode’s latest weekly report. According to the report, current market condit...
Glassnode data shows Binance’s Bitcoin holdings surpass Coinbase
Popular crypto analyst Will Clemente, citing Glassnode data, revealed that Binance now holds more Bitcoin (BTC) units than its rival Coinbase. The flippening: Binance has surpassed Coinbase for having...
Bitcoin Endured Two Major Capitulation Events in H1, Glassnode Shows
Bitcoin (BTC) has experienced significant ups and downs in the first half year due to various uncertainties and events like the LUNA collapse. Glassnode believes the top cryptocurrency has persisted i...
Glassnode says the activity of current Bitcoin holders resembles previous BTC bottoms
Bitcoin is trading at around $22,000, gaining over 3% during the past 24 hours. Data from Glassnode has revealed that the holding behavior of Bitcoin investors is similar to previous market bottoms. A...
Bitcoin hodling activity resembles previous market bottoms: Glassnode
The majority of Bitcoin has been “hodled” for at least three months in behavior bearing a striking resemblance to previous Bitcoin market bottoms, says blockchain analytics firm Glassnode. In a July 1...
Glassnode analysis suggests Bitcoin might be near bottom
BitcoinA recent analysis from Glassnode revealed that long-term holders (LTH) are locking their coins at a 33% loss, indicating an LTH capitulation that suggests Bitcoin (BTC) might have reached its b...
Bitcoin (BTC) Investors Not Out of the Woods Yet Despite Capitulation: Analytics Firm Glassnode
A top crypto analytics firm says Bitcoin (BTC) investors are not out of the woods as long-term holders capitulate. As Glassnode explains, the Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) meas...